SP 500 September Futures Daily Chart

The US equity markets went out on the lows, after having set a new low in this decline, ahead of a four day weekend, at least for senior traders.

The markets have 'jitters' over the Non-Farm Payrolls report tomorrow sparked by fresh concerns over a double dip recession. The "D" words, Depression and Deflation, are being tossed around aggressively.

Let's remember this and compare it to where we are in thirty days, towards the end of July.



As an aside, it is now becoming increasingly clear that Goldman Sachs 'triggered' the housing crisis by pulling its credit lines to New Centuary Financial mortage company, and helped to trigger the most recent crisis by pulling credit lines first on Lehman, and then later on AIG.

I wonder if Goldie has what it takes to pull the credit lines on the United States? One can only wonder. Keep an eye on Big Daddy, because it's the whale in the ocean.